Global Wires and Cables Market size is expected to reach USD 312.51 billion by 2025
Global Wires and Cables Market size is expected to reach USD 312.51 billion by 2025, according to a new report by Radiant Insights, Inc. The market is estimated to witness a healthy CAGR of 6.4% over the forecast years. Increasing urbanization and rapidly growing building infrastructure are the major factors driving the market. These have impacted the energy and power demand in residential, commercial, and industrial sectors. Increased investments in smart grids and upgrading power transmission and distribution systems are expected to drive the market further. Download free sample copy @ https://www.radiantinsights.com/research/wires-and-cables-market/request-sample Wires and cables utilize various raw materials including copper, aluminum, tungsten, alloys, and plastics, such as Polyvinyl Chloride (PVC) and polypropylene (PP). The material costs consist of over 60% of the total cost of the product. The raw materials and work-in-progress cost consume a large portion of the fi...